Homework on Ethereum Intro

Ethereum 101
#4252
  1. What was Web 1.0?

this is when websites were static and you could only read them like pages in a book. There was no java script.

  1. What is a smart contract?

It is a way to program the blockchain for your specific use, through writing code on the blockchain with Solidity. It can not be shut down or changed once deployed. This allows you to own and decide what to do with your money.

  1. How is transparency achieved with ethereum code?

It helps prevent corruption, or unethical behavior that violates the agreement.

#4253

1- web 1.0 consists of static websites “Read-only” it can show text, images, and links. you can read only but no interaction.
2-Smart contract are a set of rules used to hold or specify how to use the money “programable money”.
3- we trust the technology not people, by writing a smart contract we don’t need to trust anyone or any middleman. smart contract can’t be reversed or edited

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#4254

  1. What was Web 1.0?

    Web 1.0 was the first iteration of the internet, characterized by static websites with text and basic images, offering limited interactivity.

  2. What is a smart contract?

    A smart contract is a self-executing piece of code that runs on a blockchain and automatically enforces and executes the terms of an agreement when predefined conditions are met.

  3. How is transparency achieved with Ethereum code?

    Transparency is achieved in Ethereum because once smart contracts are deployed on the blockchain, they cannot be altered. This immutability ensures that the contract’s operations are open to public verification, making the process transparent.

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